Homeowners
falling behind on an FHA loan should know that:
- if
your home was damaged or your income reduced because of a hurricane,
tornado, flood, wildfire, or other natural or man-made event --
and your home or job is in an area that the President declared
a disaster area -- your lender will not start foreclosure for
90 days. Read about what homeowners
and lenders need
to know.
-
if
you or your spouse is on active military duty, you may qualify
for a reduction in your interest rate -- and, thereby, reduced
payments. Read about how the Servicemembers Civil Relief Act
affects military
homeowners, and what lenders
need to know.
-
if
you work with your lender, you may be able to save your home.
Read HUD's Guide
to Avoiding Foreclosure.
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